LOS d: Describe the effects on wages of labor unions and of a monopsony and explain the possible consequences for a market that offers an efficient wage.
The labor market in a specific geographic area consists of one dominant employer and workers who are represented by a union. Compared to the wage rate and quantity of labor employed that would prevail in a competitive market, it is most likely that the outcome will be:
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A) |
a lower wage rate, but more workers will be hired. | |
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B) |
determined by bargaining between the two sides. | |
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C) |
a higher wage rate, but fewer workers will be hired. | |
The wage level and quantity of labor will be determined by bargaining and will likely fall somewhere between the results of employers competing for unionized workers and a monopsonist hiring from a competitive labor pool.
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发表于 2010-4-17 10:26
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